IPO trend

There was a rush of IPOs when market was doing good. Now we rarely hear of IPOs. Companies overprice their shares during bull phases and make hay.When I was looking into the data of past issues on NSE site, it was clearly visible that companies were comfortable with IPOs only when markets are on the upward trend . This trend is visible in 2006,7 and early 2008. Now we see a steep decline in IPOs. It's sad that most of the companies and investors dont believe in business model or fair share price, but only on sentiments. This ought to change , if the IPO market has to mature. Stricter regulations on pricing and appropriate circuit filters on day of listing may be a solution. However, this alone cant solve the problem.